In 2021, where many top giant Ipos introduced by some popular new-gen companies such as Paytm, Nykaa, Zomato captured the public's attention. But, many other IPOs had managed to give outstanding stock trading returns up to 300 percent. 

Needless to say, these IPOs turned out to be Chota Pataka Bada Dhamaka in the primary Market. Of the 63 companies listed on the stock exchange so far in 2021, 15 provided investors with up to 300% multibagger returns. 

The interesting facts about these IPOs are that 11 were small IPOs of Rs 100-600 crores while others were relatively extensive. 

Multibagger IPOs

Below is the list of top Multibagger IPOs that have given magnificent returns in the year 2021: 

Nureca 

Nureca's initial public offering of Rs 10 billion was the most rewarding for investors, up to 323% above the issue price of Rs 400. The company's initial public offering was subscribed 40 times with a 59% premium. The healthcare and wellness product company made its debut in February 2021 with an issue price of Rs 400 per share. 

Post issuance of the shares in public, the shares of Nureca rose to Rs 615 on NSE and Rs 634.95 on BSE. As of 5 January 2022, Nureca’s shares are trading at Rs 2,015 on NSE which is a return of more than 300%.

About Nureca 

Nureca Ltd was incorporated in the year 2016. The company is a well-known name in the business and wellness production distribution and is recognized for offering quality, durability, and innovative products to people for monitoring chronic diseases and advancing their lifestyle. 

Paras Defense 

Paras Defense stands second among top multibagger IPOs. Its spending of Rs 17 billion ranks second with 321% revenue. You can understand the popularity of the IPO from the fact that the defense and space technologies company has created history in the primary market as the IPO was subscribed 304 times. Paras Defense got its maiden IPO in October with a price band of Rs 469. The issue price of this public issue was Rs 165 - Rs 175 per equity share. The total value of the IPO was Rs 170 Crore. 

Soon after its listing in the secondary market, Paras Defense has managed to perform well and gave constant returns for its investors. As of 5 January 2022, the share price of this space technology company is Rs 724.10.

About Paras Defense 

Paras Defense is the name in providing solutions for defense & space applications. The company is focused on development, design, manufacturing, testing. The company is actively involved in developing technologies for missiles, space research, naval systems, armored vehicles, and more. 

MTAR Technologies 

MTAR Tech's share price subsequently rose 295% from the IPO price of Rs 575. Issuance of 596 rupees. The IPO has subscribed 200 times and analysts are still bullish on the outlook, predicting an increase of up to 40% compared to current levels. As per the news reports, MTAR technologies IPO has received massive bids of approx. 145.79 Crore against the offered shares of Rs 72.61 Lakh, which in turn has given the IPO an oversubscription status. 

On 5 January 2022, shares of MTAR technologies were trading at Rs 2469.50 The share price of the company clearly depicts that the company is offering a handsome return of approximately 150% and its share price is rising by 4% compared to its initial price band of Rs 575 per unit. 

About MTAR Technologies

MTAR Technologies is an engineering company that is primarily involved in manufacturing mission-critical precision components. Since its founding in 1970, MTAR is a large scale with state-of-the-art equipment that has made unprecedented contributions to India's civilian nuclear program, India's space program, India's defense, world defense, and the world's clean energy sector. 

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Laxmi Organic Industries

SME IPOs like Laxmi Organic Industries also hit the headlines when the shares of the company started giving returns of more than 200%. Analysts call this IPO Chota packet bada dhamaka as the IPO subscribed 106.80 times and 20.10 times in the retail industry. The IPO of the Laxmi organics industry went public in March 2021.

After launching its IPO, the price band was Rs 129 per equity share. It has been noted that after 3 days of subscription, the shares received a price of Rs 155.50. As of 5 January 2022, the shares of Laxmi Organics are trading at Rs 429.40 which is more than 200% against its listing share price.

About Laxmi Organics Industries

Laxmi organic industries is a specialty chemical manufacturer which is mainly focused on two chief business segments which are Acetyl intermediates and Speciality Intermediates. 

EaseMyTrip 

Online travel agency EaseMyTrip debuted in March 2021 at India's primary market. The price range for this public offering ranged from 186 to 187 rupees per share, with market prices ranging from 212.25 rupees for NSE and 206 rupees for BSE. On January 5, 2022, the shares of EaseMyTrip were retailed for Rs 536.85. This is more than twice the market price and about three times the issue price. 

There are other notable references besides these five. Latent View Analytics, Clean Science and Technologies, Barbeque Nation Hospitality, Sigachi Industries, GR Infraprojects, Macro tech Developers, Sona BLW Precision Forgings, Stove Kraft Limited, Tatva Chintan Pharma Chem Ltd., and Nazara Technologies.

Although the demand for big-ticket IPOs remained high as they have helped the primary market raise a record Rs 1.18 lakh Crore, some of them have depleted investors’ portfolio status to a greater extent. Paytm's parent company, One97 Communications, is a prime example of the fact that it is trading IPO prices at a 37% discount in the face of valuation issues surrounding meters. 

CarTrade Tech (Rs 3,000 Crore IPO), Fino Payments Bank (Rs 1,200 Crore IPO) and Krsna Diagnostics (Rs 1,213 Crore IPO) have also eroded investors' money. On the other hand, other small IPOs such as Sona BLW, Macrotech Developers, Clean Science, Laxmi Organics joined the list of multi-bagger debuts in 2021 and provided investors with 171-139% revenue. 

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Take away

IPO is a prominent journey covered by a private entity to transform into a publicly listed company. It not only helps a company to raise capital but also gives access to the public to grow their money by investing. In this article, we reveal the top multibagger IPOs that have performed exceptionally well, delivered upto 300% returns in 2021. 

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